The 1927-D St. Gaudens Double Eagle is one of the rarest and most coveted coins in American numismatic history. With an approximate value ranging from $2.5 million to a staggering $7 million, this gold coin stands as a testament to craftsmanship and rarity. In this article, we delve into its fascinating history, unique features, and why collectors revere it.
The History Behind the 1927-D St. Gaudens Double Eagle
The St. Gaudens Double Eagle series, named after its designer Augustus Saint-Gaudens, was introduced in 1907 as part of President Theodore Roosevelt’s initiative to beautify American coinage.
The 1927-D variant, minted in Denver, became one of the rarest issues due to limited production and the subsequent melting of most coins following President Franklin D. Roosevelt’s 1933 gold recall. Only about a dozen examples are believed to exist today.
Key Features of the 1927-D St. Gaudens Double Eagle
To identify this rare coin, examine the following details:
| Feature | Description |
|---|---|
| Obverse Design | Lady Liberty holding a torch and olive branch, framed by rays of sunlight |
| Reverse Design | An eagle in flight with “UNITED STATES OF AMERICA” and “TWENTY DOLLARS” inscriptions |
| Mint Mark | “D” located above the date on the obverse |
| Composition | 90% Gold, 10% Copper |
| Weight | 33.436 grams |
| Diameter | 34 mm |
What Makes the 1927-D So Valuable?
Several factors contribute to its extraordinary value:
- Rarity: With only about 12 known specimens, the 1927-D is one of the scarcest U.S. gold coins.
- Condition: Most surviving examples are in uncirculated or near-mint condition, further boosting their value.
- Historical Significance: Its connection to Roosevelt’s gold recall adds a layer of intrigue.
- Design Excellence: Saint-Gaudens’ artistry is widely considered the pinnacle of U.S. coin design.
Notable Auction Records
The 1927-D St. Gaudens Double Eagle has consistently fetched record-breaking prices at auctions:
- 2005: A specimen sold for $2.99 million at Heritage Auctions.
- 2020: Another example fetched $7.2 million in a private transaction.
These astronomical prices reflect the coin’s enduring appeal among collectors.
How to Authenticate a 1927-D St. Gaudens Double Eagle
Given its high value, forgeries are a concern. Here’s how to verify a genuine coin:
- Inspect the Mint Mark: Ensure the “D” is correctly positioned and not altered.
- Professional Grading: Trusted grading services like PCGS or NGC can confirm authenticity.
- Weight and Dimensions: Use precise tools to measure weight and diameter against official specifications.
- Historical Provenance: Genuine coins often come with documented ownership records.
Fun Facts About the St. Gaudens Double Eagle
- The series was designed to resemble ancient Greek coins, emphasizing artistry over practicality.
- It was the last U.S. coin series to feature a $20 denomination in gold.
- President Theodore Roosevelt personally chose Augustus Saint-Gaudens for the project, marking a turning point in American coinage design.
Conclusion
The 1927-D St. Gaudens Double Eagle is more than a coin; it’s a piece of American history and artistry. Its rarity, stunning design, and fascinating story make it a dream acquisition for collectors. If you ever come across one, you’ll be holding a masterpiece worth millions.
FAQs
How many 1927-D St. Gaudens Double Eagles exist today?
Fewer than 12 examples are believed to exist, making it one of the rarest coins in the world.
Why are most 1927-D Double Eagles melted?
The majority were melted down following Roosevelt’s 1933 executive order prohibiting gold hoarding.
Can I legally own a 1927-D St. Gaudens Double Eagle?
Yes, as long as the coin has been legally acquired and has provenance documentation.
What is the best way to store such a valuable coin?
Store it in a climate-controlled safe or vault and ensure it’s properly insured.
Are there other valuable St. Gaudens Double Eagles?
Yes, the 1933 Double Eagle is even rarer and holds the record for the highest coin sale at $18.9 million.